PPP, a SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
The Paycheck Protection Program is a loan which has been specifically designed to provide a direct incentive for our small businesses. This program will help them to keep their workers on the payroll.
SBA is forgiving loans if staff is kept on payroll for eight weeks and the loan money is used for payroll, rent, mortgage interest, or utilities.
Applying through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating is how to get started. Other regulated lenders may be available to make these loans after approval and enrollment in the program. Please consult with your local lender as to whether or not it is participating in the Paycheck Protection Program.
Lenders were to scheduled to begin processing loan applications as soon as April 3, 2020. Although there was a slight delay, SBA is back on track and working hard to serve our small businesses. The Paycheck Protection Program will be available through June 30, 2020.
For affiliation rules applicable for the Paycheck Protection Program, click here.
The Interim Final Rule for Applicable Affiliation Rules for the Paycheck Protection Program information is being posted in advance of publication in the Federal Register. The official version will appear in the Federal Register.
Provided for public information. DOWNLOAD FAQ’s HERE-
Disaster Response Jobs at SBA
The SBA is hiring temporary employees to assist with disaster relief efforts. Bilingual language skills a plus.
Follow this link for more details on available positions within the SBA regarding Small Business Assistance due to the Corona Virus pandemic.
Virtual Mentoring and Training
Offices around the country may be closed to the Coronavirus pandemic, but SCORE, Small Business Development Centers, Women’s Business Centers, and Veterans Business Outreach Centers and other resource partners are providing free business mentoring and training by phone, email, and video.
What is SCORE?
For over 50 years, SCORE has served as America’s premier source of free business mentoring and education.
As a resource partner of the U.S. Small Business Administration (SBA), SCORE has helped more than 11 million entrepreneurs through mentoring, workshops and educational resources since 1964.
Serving Volusia and Flagler Counties
Jason Morgan, Incoming Chapter President for SCORE Volusia/Flagler visited the Deltona Television Studios at Deltona City Hall recently to discuss the efforts, goals and services of SCORE. SCORE offers confidential and free counseling to small business owners and has met with hundreds of clients over the past year. Ideas for starting a new business and making improvements to your existing business begin here with SCORE Volusia/Flagler
SCORE’s Mentors, a collective of active and retired business people, provide confidential and free business counseling. This service may be conducted at your place of business, SCORE headquarters and offices or by telephone and e-mail. There is nothing holding you back from receiving valuable information on how to optimize your business. Let’s get started!
Download PDF for additional details: SCORE Volusia-Flagler
SBA District and Regional Office Webinars on Disaster Assistance
SBA district and regional offices are offering webinars about Economic Injury Disaster Loans.
These webinars explain SBA’s Economic Injury Disaster Loan program and how you can apply for disaster assistance.